Ministry of Finance.
e-Invoicing in Taiwan
Characteristics of the electronic invoice in Taiwan
The electronic invoice in Taiwan has been mandatory since 2021, it is called the eGUI and is mandatory for all companies operating in the country. The ministry of finance has therefore accomplished its goal to eliminate paper invoices after three years of phased adoption.
All companies including foreign ones as well as national ones with commercial licenses must issue electronic invoices. Non-compliance will result in penalties from the ministry of finance.
The invoice format must be MIG-3.2.1, based on XML language. The PDF must also follow government specifications.
Must be archived for a minimum of 5 years including certification documents and agreements with trading partners regarding the commercial relationship (returns, invalidations, discounts…)
- Issuers must have an industrial and commercial certificate issued by the ministry of economy.
- Issuers must also hire a value-added center, electronic invoicing supplier, and request folios for invoices from the tax authority to identify the invoices.